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Expect a Blowout Win by Syriza in Greece

• http://globaleconomicanalysis.blogspot.com-Mike S.

From Bloomberg Racing to Catch Syriza 

"It will prove hard for Syriza to secure a majority in the 300-seat parliament, and even if they do, it will still be a fragile, slim majority," said Aristides Hatzis, an associate professor of law and economics at the University of Athens.

Wall Street Journal report yesterday said "most surveys indicate that Syriza wouldn't be able to secure enough votes—even with the bonus—to get an absolute majority in Parliament, forcing it to seek coalition partners."

The question then would be "coalition with whom?"

However, I am going out on a limb here. I suggest the likelihood of a shocking blowout by Syriza increases by the day. I offer two reasons for my unconventional prediction.

France Open to Negotiations

Yesterday, French finance minister Michel Sapin said France Open to Debt Dialogue with Greece.

French finance minister Michel Sapin has called on eurozone nations to respect the outcome of next Sunday's election in Greece, saying that the EU should be ready to negotiate with the country's new leaders on restructuring its huge public debts or extending the terms of its bailout.

"Whatever the result of the election will be, it is absolutely fair and legitimate that discussions should take place between the EU and the new Greek government," he said. "What we would think is extremely important is the stability of the eurozone. 

The remarks from Mr Sapin suggest that France is prepared to take a more conciliatory approach.